musing on income

July 17, 2008

I really like being able to take care of the lion’s share of my bills with one week’s pay.  I’m really going to miss it when I get a permanent job, at which point I’m all but certain to make less money than I’m making as a contractor, partially because I’ll be getting real benefits.  Even though I haven’t elevated my standard of living significantly, I have elevated my savings expectations.  So I won’t feel the pain of making less money when I’m paying bills or shopping at the grocery store.  Instead, I’m going to feel it when I’m making smaller deposits to my ING account.  I’m not looking forward to it.

It’s got me thinking about Moneymonk constantly saying that if you’re not happy with your financial situation, you need to figure out a way to make more money.  

Honestly, I am not interested in working a second job or starting a small business.  I want the time that I’m not spending in an office to be all mine.  Not only that, but I have never really had a viable business idea in mind.  Just today, I was thinking that if someone gave me $50,000 tomorrow with the stipulation that I start a business, I have no idea what I would do.  I’m going to have to make career choices that give me what I want, like how Single Ma has been doing.  Multiple income streams are great, but ultimately, I’m going to have to chart another course.